Homework Answers
Answer
|
Budgeted production (units) |
570,000 |
|
Material required per unit |
0.8 |
|
Materials needed for production (lbs.) |
456,000 |
|
Add: Budgeted ending inventory of material |
103,200 |
|
Total materials requirements (lbs.) |
559,200 |
|
Less: Budgeted Beginning material inventory |
91,200 |
|
Materials to be purchased (lbs.) |
468,000 |
|
Material price per pound |
$1.82 |
|
Total budgeted direct materials cost |
$851,760 |
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